The Pakistan government’s five-year (2024-29) privatisation plan has been revealed, detailing the privatisation of 24 institutions in three phases.
According to details, the privatization list was prepared by the Ministry of Privatisation following the approval of the federal cabinet.
In the first phase, the plan outlines the privatisation of 10 institutions within one year. According to the plan, Pakistan International Airlines (PIA) and Roosevelt Hotel in New York, the Agricultural Development Bank, First Women Bank, and House Building Finance Corporation will also undergo privatization in the first phase.
Pakistan Engineering Company, Sindh Engineering Limited, power distribution companies in Islamabad, Faisalabad, and Gujranwala will also privatised in the first phase.
